Business New Zealand is predicting a gloomy outlook for the economy. 

It says economic growth is likely to be marginal over the next year in New Zealand. 

It's also predicting global growth to be slow over the next few years. 

Advocacy Director Catherine Beard says that alongside China's economic slowdown, other factors are adding to the disappointing predictions. 

She says other factors like increasing oil prices and the Reserve Bank's battle with inflation will contribute.

LISTEN ABOVE

Business New Zealand is predicting a gloomy outlook for the economy.  
It says economic growth is likely to be marginal over the next year in New Zealand.  
It's also predicting global growth to be slow over the next few years.  
Advocacy Director Catherine Beard says that alongside China's economic slowdown, other factors are adding to the disappointing predictions.  
She says other factors like increasing oil prices and the Reserve Bank's battle with inflation will contribute. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.